$WAN Why Binance Delist XEM OMG WAVES and $WXNm token
Oh My God, Your Token Got Delisted. See Why ?
Binance has announced the delisting NEM (XEM), omg Network (OMG), Waves ($WAVES) and $WXNM.
It will start from June 18, 2024 and will no longer accept deposits of those tokens. For withdrawals, it will remain available until September 17, 2024
Being listed in Crypto Exchange as big as Binance is considered as a great blessing but being delisted by Binance will surely dump the value quick and fast.
And very low chances it will bounce back.
Why Binance delisted those four tokens?
The main reason are : a lack of trading volume, quality or commitment to the project, network stability and others.
But usually there are some other things like how the communication from its developer that might be the main cause of all of these.
$OMG : The original team has moved out, making it 100% governed by the token holders. (Being left out if not something good to holder)
$WAVES delisting reason caused by the token's failure to meet its “high levels of standard and industry requirements"
$WXNM was on watch tags since April 3, 2024 but even so, the price of Wrapped XNM from april was traded around 66 USDT and current price are at 80 USDT. It actually didnt falled from 2 months ago since the notifications of monitoring tags by Binance Team. Its unknown reason why Binance want to remove this token from its platform
$XEM is an OG token from 2017 and was a top token being traded at that time. Data from Coinmarket shows that its actually majorly traded at most at Upbit exchange ( Korea's largest cryptocurrency exchange in South Korea)
On NEMOfficial X's account, its seems they lock the comment section, so no one can post any comments. That means XEM teams are kind of not open to its holders
